“Revisions to the laws and regulations related to electronic negotiable instruments have been particularly uneven and slow to progress,” the authors added. “Currently, there is no U.S. regulation or law that recognizes electronic versions of negotiable instruments as such. This omission has inhibited the speed and scale of innovation in trade finance.”
Blockchain Industry Calls For Crypto Regulation | PYMNTS.com
Lawmakers have their work cut out for them as they take their first steps into regulating the world of blockchain. Everything from initial coin offerings (ICOs) to data protection has governments exploring how to regulate the market and protect consumers without stifling innovation.
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